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fiscal cliff, and hopes that we might get a possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the current low capital gains tax rates that will likely go away come january. if we get a positive resolution caught to the fiscal cliff, you'll want to buy these stocks hand over fist. because then they'll really be able to roar. how have the anointed names done? >> amazon started at 259, pulled back to 220 before rebounding to 250, where it is right now. google has been pounded. it went from over 760 to below 660, but it's rebounded to 695. mastercard and visa, they took 25-point dives. i told to you buy them into weakness. falling from 475 to 450, and rallied to 487. these are great ones to buy now. a dozen points where above where i recommended. that's a win. visa has moved up nicely from 136 to 149. ulta
this is fantasy you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our
in washington regarding the fiscal cliff today so we have this cautious market. let's look at the biggest loser in the s&p 500, cabarrus 9. shares are tanking 14%. they operate diaz they.com internet addresses, they renewed contract with regulators but as part of the deal they can no longer raise prices without permission. they were doing this automatically four times not to do that without permission anymore. verisign down 13 and change. dennis: price controls on internet domain names. that is just wrong. president obama on the road pushing his plan to soak the rich and a toy factory in pennsylvania but republicans not playing. peter barnes join those with up-to-the-minute coverage. >> the president trying to get republicans to knuckle under on higher taxes for the wealthy. not only is he in pennsylvania about to speak in the next hour or so but the white house has announced that the president will meet next week at the white house with governors to quote try to win support for their plan and he is going to give a speech on wednesday to the business roundtable which is made up of 200 corporate
is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarthy said yesterday the speaker moved to the middle by putting revenue on the table. jay carney also said the boehner plan
happened there. we are joined in moments. and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folks are kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here next. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] e mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lea a 2013 ml350 for $599 a month at your local mercedes-benz dealer. now we need a little t more... [ male announcer ] at humana, we understand the value of quality time and personal attentn. which is why we are proud to partner with health care professionals who understand the difference that quality time with our meers can make... hat's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the
some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video aimed squarely at republicans. >> we need to get tax relief to working families. >> reporter: this morning, about the only thing that the two sides agree on is that going over the so-called fiscal cliff would be a big blow to the economy. >> it would be very damaging to average americans. there's no doubt about it. >> going over the cliff will hurt our economy, will hurt our job creation in our country. it's not fair to the american people. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to defense, to medicare doctors, to unemployment benefits. and that co
in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution fo
out of washington from the fiscal cliff negotiations. at the closing bell the dow was up 36 points. green arrows across the board. >>> shares of zumiez wiped out after the bell. the company's third quarter profit fell 10%. zumiez blamed the short fall on weak sales in europe. earnings for the action sports retailer missed profits estimates by seven cents. revenue also fell short of forecast at 180 million bucks. >>> but investors in late trading are snapping up shares of specialty value retailer five below. earnings per share topping estimates by two pennies a share, and revenue better than expected at $86.8 million. that is the latest from the fox business network, giving you the power to prosper david: we have breaking news coming out of groupon. there have been some questions whether their ceo would remain. well, they had a board meeting. it has concluded and we're getting word that andrew mason, the groupon ceo, will remain as head of that company. liz: stock's been down of course. a lot of concern but he survives! mason survives. >>> the commercial real estate market is buildi
of a compromise on the fiscal cliff stalemate in washington. eamon javers standing by in a moment with information on a bipartisan letter from lawmakers that's. putting tax hikes and entitlement cuts firmly on the table. >> i'm bill griffeth. let's show you, and the charts tell the day's story, as it usually does. can you get when the president began speaking at business round table and we learned that at least 40 house republicans are breaking ranks to talk about anything, all possibilities as they said in an open letter. right now the dow is up 110, near the highs of the day. 13,062.59. the nasdaq is going the other direction. blame apple and overall technology having a tough day. down 13 points right now on the nasdaq at 2982. the s&p is holding with a gain of about five points. we'll have more on the markets in a moment. first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that lett
because of the gridlock in washington over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficu
to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion dollars. the white house responded to this letter by saying that the president is, quote, willing to compromise but not on the subject of making job creators pay more in taxes. however, what our tax and spend commander-in-chief fails to understand is that putting money into the hands of you, the american people, is the single best way to spur economic growth, and it's not just people like ronald reagan who understand this principle. bill clinton famously said the era of big government is over and the end of wel welfare as we know it. why? because government is not the answer. government is the problem. there was that other iconic democrat, the one that occu
report. and of course, investors will be watching fiscal cliff negotiations in washington. we'll be watching that all week long. >>ure will. >>> the close bible of psychiatry is getting updates, autism, binge eating, mood disorders, even hoarding. we're going to dig into the details coming up. the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [
after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains a little bit of why we
for the markets. fiscal cliff talks in washington sending investors on a roller coaster ride. jobs report next week is going to be a key focus. how should you position yourself? get ready for the trader triple play. >>> as we head out, the biggest gainers on the new york stock exchange right now. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. >>> everyone's trying to figure out what the next candidate is for a special dividend. credit suisse had an interesting note and metric for how to look at it. two stocks in particular, one criteria is insider ownership. morningstar has a 56% insider ownership. bok financial which is a regional bank in the southwest, 62.5%. bokf has a 3% dividend. >> brian, thank you. >>> it was
what might be the political consequences if washington fails to stay clear of the fiscal cliff. cbs news political director john dickerson is here with some thoughts on that. john, good morning. so all of this posturing, to what degree is this this is how the sausage gets made versus this is a legitimate stalemate? >> well it's kind of both at the same time. they are both posturing because both knows to get a deal they want to basically express the most extreme versions of their positions because they know they have to carve away at it they are speaking to boston their bases. on the other hand there's still a sticking point at the center of this. if you clear away everything and look at the tax rates the president says tax rates have to go up on the wealthy by some amount. republicans are saying no we won't have any vote to raise tax rates and that's an impasse -- we don't see how we get around that. >> the president is embolden by his alexandria victory. he's taking it out to folks out on the street. he's acting like he feels he has a mandate to ask for these tax
of cars made before 2012 will not. up next, president obama meeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of people that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international.
of cars made before 2012 will not. up next, president obama eeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of people that the president might also want to think about sitting down with. it might have just about as much affectas president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ lou: we have a national debt net of $16 trillion. we want to do a little something in that "chalk talk" tonight to bring some simple math home, primarily for the benefit of those we elected to represent us in washington d.c. and if cbo, a congressional budget office projections are right, that 16 will be a trillion dollars higher next year. if the fiscal cliff is avoided, the fed
of cars made before 2012 will not. up next, president obama meeting with everyone about e fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share our list of eople that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't wt to pay more an you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. citi price rewind. nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all living united. to ensure the acadic success of millio
will not. up next, president obama meeting with everyone about the fiscal cliff, everyone except for the leaders in washington d.c. for the republican party. we will share ourist of people that the president might also want to think about sitting down with. it might have just about as much affect as president obama plane taxman. how much higher? we will show you what some suspect about the math in d.c. in the "chalk talk" next. you stl think you'reolder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposedo be, back-up? handlet. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. don't you do it. don't you do it! [ male announcer ] frost brewed coors light. the world's most refreshing beer! mortgage. married. two great kids. he wantso protect his family with a $500,000 term life insurancpolicy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 polic
hyper focused on washington and the fiscal cliff negotiations. at the closing bell the dow is down 14 points. modest losses across the board. that is the latest from the fox business network. giving you the power to prosper our efforts result in ty of care and ice we're able to provide... which means better health outcomes... anmore quality time to share with the onewho matter most. i love you, grandma! [ male announcer ] humana. ♪ liz: every year "inc." magazine comes out with its company of the year and this year it is zumba fitness. citing its business model as a major factor for the success. here with more on the company's growth and future plans, ceo and cofounder alberto pearlman. what a story with entrepreneural twist that is so amazing. you were a dancer at age eight. >> i wasn't a dancer. perez was the dancer. liz: but you know how to dance now. >> a little bit. but that was not the dancer. liz: how did you simply decide this was an idea that could really get going? >> well, i was having dinner at my parents house and my mom was taking his class. the creator of the class.
, the fiscal cliff isn't all they're talking about in washington these days. they're also talking playoffs. cnn's brian todd has a closer look at the teams' rookie savior. >> reporter: nicknamed rg3, this 22-year-old has mesmerized the entire city, captured the hearts of football fans throughout the nation's capital. a 2011 heisman trophy winner from baylor and number two overall pick, rg3 is helping to instill a winning attitude as the redskins rebuild. >> accelerating, sliding down, lost the ball, into the hands of joshua morgan. >> reporter: he may be the only person who can actually unify washington. redskins rookie quarterback robert griffin iii. the phenomenon that is rg3 seems to be immuned to pressure. he took another step closer to an improbable playoff run by leading the redskins to their third consecutive win monday night over the defending super bowl champion new york giants. cnn spoke to him in may, shortly after he was drafted. >> it's not about, hey, we're a team that have only made it twice in the past 12 years in the playoffs. it's a team, we have a new start, a new quarterback
to earnings. we're captivated by the what happens in washington and fiscal cliff. through the third quarter earnings season we had massively negative news. that weighed on the stocks. lack of negativity allowed us to have a bit of a bounce back. in reality earnings continue to slow. earnings will continue to slow the next couple of quarters. that probably pulls us back to reality. tracy: you're calling for 1360 you say it has a lot to do with earnings, well, because business investment is slowing? >> right. tracy: will we see a kitchen sink quarter, blame superstorm sandy, blame china, fiscal cliff gives me the right to have bad numbers? >> probably. we probably see a pretty rough fourth quarter in general. the question for me looking past that fourth quarter what do we see the first quarter next year? investors will start positioning for 2013 as a whole and our 2013 call is slow growth in earnings. 3% growth in earnings next year. the one big game changer could be unfortunately the fiscal policy effort. fiscal policy can act to reinvigorate continents and risk taking in the economy could r
on how you could go about getting a debt deal in washington. up next, from burritos to the fiscal cliff, a little food for thought in our american made series. we have the president of moe's southwest grill. "squawk box" is back right after this. >>> checking the futures now, they will probably see a bit of an opening move higher. see if anyone talks. today more on what's moving the markets this morning frin a coue of minutes. peter is very quick on the gun, as you can see. i think i saw it from peter that mitch mcconnell was laughing yesterday and i saw boehner. comes out immediately. at the end of the week he goes back and says this is what was good about the week this is what was bad. we will get the comments firsthand. >> are american made company today is sizzle. 2012. pretty spicy profits. paul davaco, president of moe's southwest grill joins us. good morning, paul. >> good morning. how are you? >> let's talk about how -- how is business and what is -- how business is at your franchise and your company telling us about the health of the consumer? >> the business today could not be
chanted and made noise in order to get their way. i think we ought to recognize this entire fiscal cliff is an artificial invention of washington, created by people in the congress and the presidency, and it can be broken down by them into a series of steps that can be taken without having to be rushed into one gigantic last-minute, little understood, with no hearings, one vote up or down, i think it's a terrible way to govern the united states. >> greta: well, the sequestration deadline is coming up the 1st of january. what people are saying on capitol hill, the president is saying, congress is saying, it may be scary stuff, but if we go over the fiscal cliff that all sorts of things will happen, that there will be another recession, we'll go deeper into our existing one, if we have an existing one, jobs lost, the market will crater, should we go over the fiscal cliff, even though it's created by the president, the house, the senate, failed to do their work a year and a half ago and pushed us against this deadline. your thoughts. >> right. my thoughts, they could pass a provision to ext
. lori: closing bell ringing in about 15, 16 minutes. still worrying about the fess call cliff? -- fiscal cliff? we have got you covered. paul dietrich is up with his best investment ideas that will deliver returns no water happens in -- no matter what happens in washington. that's a relief. he's up next. ♪ want to try to crack it? yeah, that's the way to do it! now we need little t more... [ male announcer ] at humana, we understand the value of quality time and personal tention. whicis why we are proud to partner with health care professionals who understand the difference that qualittime with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rang among national medire companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicarelan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... anmo
. athena jones, live in washington. we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn foreign affairs reporter elise labott is in washington to explain what it all means. why do the u.s. and israel think this is not a good move for -- for palestinians? >> well, christine, i mean, it signals the frustration on the part of the world, and the lack of the peace process. and what the u.s. is saying is that it really doesn't give the palestinians what they want, which is an actual state. it doesn't give them borders. it doesn't give them any sovereignty. and so all of their u.s. argues is going to do is antagonize israel and lead to more frustration if israel
, don't know on net are investors hurt by that. >> let's move to washington, debates on the fiscal cliff continue, corporate america accelerating dividend payments to help investors avoid higher taxes next year. is it really as altruistic as it seems? what say you, john? >> i think it's great. i think that these things are going to be taxed. makes sense to get the value out to the shareholders before it is taken away. >> i thought it was very interesting that robert frank said earlier today something like 27 of the companies that paid this heavily dominated by insiders that would tell you what's driving these decisions. don't want to bet the ranch, the lower tax gains on that sale, money off the table. i think it is bare board shareholders. >> bad for shareholders, why? >> not bad for shareholders, if you are swooping into a stock to get the. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. sh
on what's happening with the fiscal cliff out of washington, the bank of england leaving its interest rate unchanged. at this point we're a few weeks away from the end of the year. money managers have an uncanny ability to drive stocks higher allowing them to claim quarterly performances that attract more money and higher fees. the practice is illegal but experts say that a sudden spike is a deliberate distortion of prices. as you'd expect window dressing is more common with thinly traded stocks and among the names of stocks appear to have been used as window companies, iridex, carver bancorps, altagen and legaga holdings. the next day the stock gives back some percentage of the gains, at least 3%. >>> the parade of companies announcing dividend changes continues because of all the uncertainty surrounding the fiscal cliff. cme group declared an annual variable dividend of $1.30 a share and accelerating the timing into the current quarter.'s sporting goods is announcing a cash dividend of $2 a share and says cfo tim coleman is retiring. >>> zynga -- i like to say that, zynga is filing prepa
that all eyes in the fiscal cliff spinoff are now turn on the white house. to take all of this up tonight, the politics and policy in the games being played by both sides in washington dc, we will be joined by richard shelby, the ranking republican of the banking committee. he joins us. congressman devin nunes, chairman of the ways and means committee to tell us what kind of effor it will take and who will be blamed for failure to stop these tax hikes and trillion dollar budget cuts. bradley graham is among our guests tonight. here are the details on exctly what secretary geithner has proposed on behalf of the presidento avoid the fiscal cliff. according to the republicans in that meeting, the offer includes $1.6 trillion in new revenue. that is higher taxes, raising tax rates, and taxes on investment income. at least $50 million in new stimul spending in the next fiscal year alone. mind you, of course, the repubcans looking for spending ts as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over t
washington. i'm not thinking about washington but i think that is it. this is all about the fiscal cliff. we keep saying over and over it is boring but these guys have to get some resolution. tracy: what is the consensus of people you are speaking to on the telephone on wall street? did in come to some bipartisan agreement? >> no they don't and they're getting angry. [talking over each other] tracy: the rates go up essentially? nicole: special dividends tell you companies and a lot of them have been down in washington recently thinking this is not going to happen. they are declaring dividends ahead of a little bit. the general consensus, market's going to stay where it they are, this is a headline driven market. the flavor of the day is going to be where we are and that is why you will not see reinvestment. this is a trader's market. nicole: a lot of stories stocks will looking at with earnings and such but the big picture -- >> you can still make monee somewhere. nicole: if you pick the stocks. [talking over each other] tracy: see you in 15 minutes. ashley: crude oil futures at $88.50 a bar
% said washington officials would behave like spoiled children in fiscal cliff discussions. only 28% said they would behave like responsible adults. with that in mind, here's what the key players, the grownups, have said in just the past 24 hours. listen. >> the math, it doesn't work. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work with. >> we're not going to twist ourselves into contortions to appease a vocal minority. >> what i'm not going to do is to agree to a plan in which we have some revenue that is vague. >> republicans have proven to be willing to be held accountable. democrats have not. >> we look forward to working with the president when he decides to get serious. >> we're looking for solutions and it doesn't seem at least from the president's proposal that he is at all serious about finding the solution. >> his last two budgets, so unserious. >> what is this man talking about? mr. speaker, what the heck are you talking about? >> not only is there no sign of progress, there aren't even any formal ne
's ultimatum driving us to the fiscal cliff? chris and senior writer for the weekly standard, steven hayes the guests here tonight. we begin with the dictator trying to maintain command of the country using chemical weapons as a deterrent. fox news chief washington correspondent james rosen has the latest for us in this report. >> a regime helicopter captured in the skies in syria in a video unloads something, most likely, a defensive flair to detour antirebel runners, but that epitomizes the fear of which the serian people now live. rebel forces taking the flight to the assad regime inside the capital with a deadly explosion in the arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fighting takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, in particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. of
. the president makes an offer to avoid the fiscal cliff. lso where are the cuts? we are live in washington with the details. look at that guy. a construction worker walks in a convenience store checks his number and walks out perhaps a multimillionaire. we'll tell it to you straight away. >> officer and a gentleman. you will hear from the cop who spent his hard earned cash to buy a pair of socks and shoes. he pet them on him. "fox and friends" starts right now. ♪ ♪ ho, ho hompt >> indeed. rick it is not christmas time here in new york city until rick descends down one of the tallest buildings in connecticut and there he is. screen left from last year screen right. when he bumped into the building. good morning to you rick. >> some traditions like fruit cake that shouldn't happen . maybe it is one of those tradition. you do it once and this is a building here. give you a shot from the top going down. it gets a little dark there. it gives you an individual. tan ford downtown height lights and they start it off by santa going over this with elvescan on sunday night. last couple of years w
saw a headline going by that the markets remain tethered to the fiscal cliff talks. certainly we're seeing market reaction to each headline out of washington but also these earnings. let's talk about some of these names here, looking particularly at kroger the large supermarket company. revenues beat the street. i just did a long term search, it is a multiyear high actually for kroger which is up more than 4% so to highest levels we've seen since 2009. they also raised their full-year earnings forecast. they have seen consumers boosting their purchases and that is because food prices have actually come down some. that is some good news there for kroger. as far as la-z-boy, their shares have been under some pressure. their results for the third quarter missed analysts expectations. they have been working on marketing campaigns. they do think that is delivering strong results. think reinstated quarterly dividend. that is good news since they haven't done so since 2008. they're underpressure after missing the numbers, down 12%. back to you. melissa: nicole, thanks so much. oil on tr
thing is for sure, fiscal cliff comments from washington have been having an impact. >> i would hope our friends on the other side can turn off the campaign. >> we could have prevented this crisis months ago. by just simply adopting what passed in the senate. >> president obama is meeting with high profile chief executive officers today to talk about country's fiscal issues. >> we're here to support doing the right thing and putting america back to work. >> we don't legislate but we know the consequences of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. >> i'm optimistic we'll continue to work together. >> our ultimate goal is an agreement that gets long-term deficit under control in a way that is fair and balanced. >> stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we have said it. we've said it. we've said it so many
pockets, i guess. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> i don't understand his brain. so, you should ask him. okay? >> tough words there. abc's jon karl is covering this all from capitol hill. jon, as we said, senate republican leader mitch mcconnell says he laughed out loud at geithner's offer. break down the offer from the white house and the republican objections. >> reporter: not only did he laugh out loud, the speaker saying it's unrealistic. the key is $1.6 trillion in tax increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the next ten years. and effecti
bernanke and interest rates and what's going on in washington beyond the fiscal cliff. he's got lots of views. >> does he pull punches about bernanke? >> there's a couple comments i think we'll run in the 7:00 or 8:00 hour, he's diplomatic about it, but if you listen very carefully, i think you know where he stands on a lot of the stuff. he talks about the punch bowl and having to take around the punch bowl before -- >> the lead story in the journal -- >> the fed stimulus. we're back again. >> operation twist is supposed to be up january 1st. >> he's also got interesting theories on the volcker rule and banks still. so we'll be running some of that throughout the broadcast. >>> in corporate news, rio tinto plans to cut cost and sell more assets. and two audit firms are now being sued regarding the acquisition of hp. shareholder law side has named deloitte and kpm claiming they missed numerous red flags. board of directors also named. >> a magnetic lawsuit. you see the press release go out and someone has to boiler plate to say, okay, we're the accountants, we're the bankers, here we
-10 when i went to bed. >> i saw it. washington might be paralyzed about this ridiculous fiscal cliff, but we're happy about this. >> gretchen: the only good news for washington now is the redskins win. >> and the weather. >> gretchen: the third thing is that the white house leaks are now saying that president obama actually maybe wants to go over the fiscal cliff if the republicans do not agree to raising income tax rates even though yesterday they agreed to these deductions and loopholes and getting rid of them, which essentially many people argue, would do somewhat of the same thing. your thoughts? >> right. so there are going to be consequences for syria if they use chemical weapons and the president thinks there is going to be severe consequences for the republicans if, in fact, we go over this precipice and raise your hand if you're tired of this cliche about the fiscal cliff. he thinks look, the republicans will suffer terribly, the country will be thrown into some turmoil, he thinks and he thinks he's the winner either way. it's easy for the president and his team to go out th
. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing well, then, folks get jobs, consumers get confidence and we will be able to compete around the world. now, the good news is, despite the extraordinary challenges we have seen over the last four years, there is progress in some key sectors of our economy. we have seen housing finally begin to bounce back for the first time. that has an enormous ripple effect throughout the economy. many of you, over the last two or th
until the united states plunges off the so-called fiscal cliff. as the january 1st deadline looms large over washington, republican heavyweights from house speaker john boehner to majority leader eric cantor announced yet again today they're willing to make major concessions to the democrats in order to avert disaster. take a look. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts. >> we have done our part. we have put revenues on the table. something that we dtdn't do two yearyears ago during the debt ceiling negotiations. >> sean: we'll get into what, quote, unquote, revenue really means, and whether it includes tax hikes. as you just heard from the republican leadership they're offering up real solutions on how to avoid falling often the so-called fiscal cliff. the president however still thinks he's out there on the campaign trail, in fact using the exact same class warfare that we all gr
that the ramifications of the fiscal cliff, um, will be important. i'm optimistic that we're going to get some leadership in washington that'll actually save us from having to go off that cliff or down that hill, if you will. but i think we are -- there's uncertainty. and whenever there's uncertainty, the market will have less volume in it. liz: tom kloet, good to see you. >> thanks for having me. liz: ceo of the tmx group. david: a u.s. plant right in the heart of canada. they don't realize it yet. [laughter] good to see you. >> thank you. david: well, is now the time to buy apple? a morningstar senior equity analyst thinks so and says some of the blame for the recent decline should fall on washington. why? find out why, coming next. liz: plus, choice hotels expanding its upscale brand right here in america. they must believe that there's a real market here. find out why they're starting three brand new upscale ones at least here in new york. steve joyce, choice hotels ceo and president, joining us after the break. ♪ music is a universal language. but when i was in an accident... i was worried the hea
washington as we keep our eye on fiscal cliff negotiations. we have an important profit warning today. shares of darden at a ten-month low after the restaurant operator cut its full year guidance. rachel rothman downgraded darden last month from positive to neutral with a $58 price target and joins us now on the cnbc newsline. thank you for joining us. i appreciate it. it's become a busy morning for you. >> thank you, simon. thank you for having us. >> what's gone wrong at darden? the ceo is saying we had promotions. they didn't resonate well. we need bolder changes at red lobster, olive garden and longhorn steakhouse. >> they spent the last couple years trying to repotool menus d change limited time offers in an effort to reengage with core customer and drive positive traffic. unfortunately the efforts that they unveiled to this point have yet to actually take hold and so they are issuing a disappointment here for the quarter and for the full year citing negative same store sales at their core brands. >> is that partly because of the delayed rolled out of olive garden changes or because they
convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point in time. consider here, yes, there's a big complicated negotiation that needs to take place, but there's
, for the latest on the fiscal cliff. just 28 days until everyone's taxes are set to go up. house republicans have now sent the white house their own plan for getting america's finances under control. but both sides still far apart. abc's jake tapper is covering this from the white house. jake, the white house downplayed this new offer but will it be enough to jump-start negotiations? >> reporter: i don't think so, george. the white house advisers describe the proposal that republicans offered yesterday, as a step backward in terms of negotiations. what the outlying house republican states is $2.2 trillion in deficit reduction. that includes 1.2 trillion in spending cuts. $800 billion in new revenue. optimistic projections. and $200 billion in other measures, such as adjusting the consumer price index. but house republicans say if the president doesn't like this, it's incumbent upon him to offer a plan that can make it through the house and the senate. >> the white house says they want to see the republicans first say that tax rates are going to go up. is there any prospect of a face-to-face meeti
this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the
a lesson from florida? next, how cherry's could be the latest victim in the fiscal cliff talks. the president of the united way joins me next. gerri: coming up, the war over charitable deductions. will they survive the fiscal cliff? is it a tax deduction for the rest next? >> reporter: ♪ gerri: one source of new revenues under discussion in the fiscal of today limiting deductions for the wealthy, even charitable deductions. it's a controversial idea that has cut and a lot of attention following a recent washington post op-ed. overwhelmingly the charitable deduction benefits the wealthy. here to discuss, president of independent sector and stacey stewart, president of the united weight both of whom met at the white house with the president. white house officials pleading there case. i can't imagine having to better guess for this segment. i want to start with this idea because it kind of blew me away when i saw. a major beneficiary for the charitable deddction, the %-i thought what about that charities and all the people who do -- to rely on them for there good work. let's sta
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